Pass the PRINCE2 Certification Prince2-Foundation Questions and answers with ValidTests

The expected success level for benefits, time, cost, quality, scope, sustainability, and risk in a project should be set by the project baseline. The baseline establishes the initial scope of what the project is expected to deliver, including standards and targets against which project performance can be measured.References: PRINCE2® 7 Foundation sources on project planning and control.

The principle of 'manage by exception' in PRINCE2 involves setting limits on delegated authority concerning time, cost, quality, scope, risk, and benefits. Here, the aspect of performance that sets limits against the cost of aggregated threats is "Cost". This includes setting tolerances for what can be considered acceptable deviations from the plan before an issue needs to be escalated to a higher authority. Managing by exception helps in efficient use of management time and focuses on deviations that might affect the project's success.References: (PRINCE2® 7 Foundation Handbook, AXELOS)

The purpose of the 'Quality' practice in PRINCE2 is to ensure that the project's products meet the documented expectations of the user or stakeholders. This involves defining quality requirements and standards for the project and its products and setting out the necessary activities to achieve these standards, thereby ensuring that the project delivers outputs that are fit for use.References: (PRINCE2® 7 Foundation Handbook, AXELOS)

When the project manager is also acting as the team manager, they should use a 'Work Package Description' to control the work of a team member. This management product details what is to be delivered, the reporting requirements, and the tolerances within which the team member must work, providing a clear definition and control mechanism for delegated tasks.References: PRINCE2® 7 Foundation guide on management products, specifically Work Packages.

Quality control events, such as testing, should be documented in the 'Quality Management Approach' according to PRINCE2® guidelines. This document outlines how quality will be managed throughout the project, detailing specific methods and events, including schedules for quality assurance activities and testing, to ensure that products meet their defined quality criteria.References: = PRINCE2® 7 Foundation Training Manual and official PRINCE2® website documentation

The definition of management in the context of PRINCE2 involves directing the execution of project tasks as agreed for the project. Management encompasses the actions and decisions necessary to ensure that the project's tasks are completed as planned, aligning with the agreed methods and standards.References: PRINCE2® 7 Foundation resources on project management principles.

When the change authority asks for more information regarding a proposed change, this occurs during the 'Assessing issues' step of the 'issue management technique' in PRINCE2. This step involves evaluating the impact and implications of issues or changes, including requesting additional information necessary to make informed decisions.References: PRINCE2® 7 Foundation resources on issue and change management.

The Project Initiation Documentation (PID) should guide the project management team on how to manage multiple aspects of the project. It is a key management product that includes crucial information like the project's definition, approach to management, and controls. It serves as the baseline document for managing the project's scope, quality, costs, timescales, risk, and benefits. References: PRINCE2® Foundation official guide and project management documentation resources.

Maintaining the business case during the project lifecycle involves regularly updating it to reflect changes and actual experiences such as incurred costs. This ensures that the project remains viable and aligned with business objectives, as part of the continual justification process. The business case is dynamically managed to reflect any changes in the project's environment and is a fundamental part of the 'business case theme' in PRINCE2.References: PRINCE2® 7 Foundation source documents on business case management.

A requirement in the context of PRINCE2® is defined as a documented need or expectation that is formally approved and used as a basis for further project development. This documentation typically includes specific details about project scope, expected outcomes, and performance criteria, which are crucial for project planning and execution.References: = PRINCE2® 7 Foundation Training Manual and official PRINCE2® website documentation